Grandbridge Real Estate Capital recently closed a $22.3 million first mortgage loan secured by a 169-unit/496-bed Class-A student housing property to be built in Vermillion, South Dakota, near the University of South Dakota.

Athens, Georgia-based student housing developer Landmark Properties recently started construction on 11 new student housing communities, including one at the University of Illinois. The cottage-style project is the company’s first in Illinois.

Grandbridge Real Estate Capital recently closed a $51.5 million first mortgage loan secured by a 264-unit/538-bed Class-A student housing property located near a large university in the Midwest. The acquisition financing was originated by Minneapolis-based vice president Brett Olson.

The 4th annual Chicago Student Housing Real Estate Conference was held at the Gleacher Center on July 12, 2018. Industry professionals came out to hear what the latest trends are in college-town housing markets.

Brittany Herringshaw is an assistant vice president, regional manager of student housing operations with Foresite Realty Management. With over nine years of management experience and six years in the student housing market, she has experience in the Indiana, Illinois, Michigan, Louisiana, Maryland, Pennsylvania and Wyoming markets. Herringshaw is responsible for overseeing a portfolio of over 3,500 beds and her background includes work for the second largest student-based housing corporation in the country as well as smaller, independent complexes.

The joint venture of Reinhardt Construction Company and S.M. Wilson & Co. has been selected by Columbia College to serve as the general contractor of an academic and residence hall in Columbia, Missouri.

It’s a good time to be a college student right now by at least one measure as student housing has gone high-end. The concrete, shoebox dorm is a thing of the past as investors and developers alike are finding benefits in amenity-rich campus housing.

CA Student Living, the student housing investment and development division of Chicago-based CA Ventures, has begun construction on RISE on Chauncey, a 16-story, 675-bed development at 100 S. Chauncey Avenue in West Lafayette, IN. Located in the heart of Purdue University’s campus life and with frontage on State Street, where a massive redevelopment effort will be completed later this year, RISE on Chauncey is scheduled to deliver in summer 2019, with pre-leasing slated to begin in fall 2018.

Construction has begun at CA Student Living’s RISE on Chauncey, a 16-story, 675-bed development at 100 S. Chauncey Ave. in West Lafayette, Indiana. Located in the heart of Purdue University’s campus, with frontage on State Street, RISE on Chauncey is scheduled to deliver in summer of 2019, with pre-leasing slated to begin in fall of 2018.

The newest off-campus student housing development to serve Southern Illinois University-Edwardsville in Edwardsville, Illinois, is emerging from the ground. St. Louis-based general contractor Contegra Construction Co. broke ground on the student housing project called The Reserve in November of 2017.

Marcus & Millichap announced the sale of a 400-bed student housing community at 512 S. Third Street in Champaign, IL, located just west of the University of Illinois at Urbana-Champaign campus. The 140-unit asset sold for $29.25 million, approximately $73,000 per bed, or $208,929 per unit.

Work is underway on a $100 million, Solomon Cordwell Buenz-designed living/learning facility at the University of Illinois at Chicago. Slated for a July 2019 opening, the two-story academic classroom building and 10-story undergraduate residence hall will be constructed as part of a public-private partnership between UIC and American Campus Communities, an Austin, TX-based student housing developer.